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Definitions Matter

Supply Chain Shaman

In my writing, I try to get clear on definitions. Traditionally, the definition of end-to-end supply chain planning meant: Forecasting based on order or shipment patterns. Use of order patterns to execute a route guide in Transportation Planning (TMS)–route planning, pooling of less than truckload, and load tender.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Each type of lead time can impact the global process.

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

When deploying enterprise decision support applications, there are many implementations and lots of hype but few clear and consistent definitions. When he speaks of the supply chain, he means procurement. We can never have great discussions unless we are clear on definitions. What do they have in common? This is his world.

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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Finished Goods Inventory: Definition & Formula

Unleashed

Step 1: Raw materials procurement One of the first activities of a manufacturing business is to obtain the raw materials needed to produce a finished good. Step 3: Production Transporting the raw materials from their source or storage locations to your production facility is a crucial step in manufacturing.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

forklifts, pallet jacks) Packaging materials Transportation within the facility By implementing lean strategies into your processes, you can reduce your holding costs and improve operational efficiency in one fell swoop. Transportation and distribution costs Evaluate transportation and distribution costs associated with inventory management.